6729 Middleton
Property Overview
Cash Flow - 7.65% Actual CAP Rate, with a projected 8.0%+/- Year 1 CAP Rate.! This investment offers an exceptional combination of strong in-place cash flow and future upside. Priced at just $196,333 per unit, the property presents an attractive basis, while also being located within an Opportunity Zone offering potential capital gains tax advantages. The asset consists of two separate parcels and is ideal opportunity for a 1031 exchange buyer. Additional features include ample parking consisting of six garages, six open parking spaces, a 2-car tandem driveway. Because this is a 15-unit complex, there also is no requirement for an on-site manager!
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1938
- Lot size
- 17,038 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Six To Ten Units Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- None
Location & Neighborhood
Frequently Asked Questions About 6729 Middleton
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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